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Beat the Back-to-School Rush: Your Wallet-Friendly Shopping Guide

Summer’s winding down (UGH!), and whispers of “back to school” fill the air. But before you brace yourself for sticker shock, check out these tips to conquer back-to-school shopping without breaking the bank!

Plan and Conquer:

  • List it Up: Avoid impulse buys with a detailed list of what your child actually needs. Check last year’s supplies and see what can be reused.
  • Spread the Wealth: Don’t wait for the last minute rush! Take advantage of sales throughout summer and snag deals on backpacks, clothes, and basic supplies.
  • Budgeting is Key: Set a realistic spending limit and stick to it. Involve your child in the process (age-appropriately) to teach valuable money management skills.

Pro Tip: Turn list-making into a bonding activity! Let your child decorate the list or pick out fun stickers to mark off completed items.

Shop Savvy:

  • Coupon Clippers Unite! Who says coupons are outdated? Digital apps and even grandma’s Sunday paper inserts can score you serious savings.
  • Secondhand Gems: Thrift stores and online marketplaces are treasure troves for gently used clothes, backpacks,and calculators.
  • Bulk Up (Smartly): Team up with other parents to buy in bulk for certain supplies and split the cost. This works especially well for classroom essentials like tissues or hand sanitizer.
  • Brand Loyalty: Many stores offer reward programs that translate into discounts or exclusive deals. Consider signing up for a few based on where you shop most.

Pro Tip: Check store flyers and websites for specific coupon codes or promotions before you head out.

Think Outside the Box:

  • DIY Crafts: Get creative with pencil cases, lunch bags, or decorations. It’s a fun way to personalize without spending a fortune.
  • Hand-me-downs: See if older siblings, cousins, or friends have outgrown clothes or supplies that could get a second life.
  • Needs vs. Wants: Help your child differentiate between essential items and trendy desires.

Pro Tip: Host a clothing swap party with friends or classmates to exchange gently used items.

By planning, shopping smart, and getting a little creative, you can conquer back-to-school shopping without sacrificing your budget. Remember, a successful school year starts with a happy wallet too!

Don’t Get Hooked: How to Spot Financial Scams Online

The internet is fantastic. A digital playground, if you will. But it can also be a breeding ground for scammers looking to steal your hard-earned money. Financial scams can appear anywhere online, from social media posts to seemingly legitimate emails. But fear not, savvy web surfers! Here’s how to identify and avoid these online cons:

Red Flags on Social Media:

  • Get Rich Quick Schemes: Promises of effortless wealth are a major red flag. If it sounds too good to be true, it probably is.
  • Investment “Gurus”: Be wary of anyone claiming to have a secret investment strategy with guaranteed returns. Legitimate financial advisors won’t make such promises.
  • “Miracle” Products or Services: Products promising quick weight loss, disease cures, or unrealistic financial gains are usually scams.

Bonus Advice: Do your research! Look up the company or individual behind the post. Check for negative reviews or complaints online.

Phishing Emails:

  • Urgency and Fear: Scammers often try to pressure you into acting quickly by creating a sense of urgency or fear.
  • Generic Greetings: Legitimate emails from Sweet Home FCU, a bank, or your credit card company will address you by name. Scammers will often use generic greetings like “sir” or “madam”.
  • Poor spelling and grammar: Scam emails often contain misspelled words, odd punctuation and capitalization, and poor grammar. These are big red flags. Delete immediately.
  • Suspicious Links or Attachments: Don’t click on links or download attachments from unknown senders.

Pro Tip: Hover over a link before clicking to see the actual website address. If it looks suspicious, don’t click!

Website Warnings:

  • Errors: Legitimate businesses take pride in their online presence. A website riddled with errors is probably a scam.
  • Unrealistic Offers: Be wary of websites offering incredibly low prices or deals that seem too good to be true. They usually are!
  • No Contact Information: A reputable website will always have clear contact information readily available.

Extra Caution: Check the website’s security features. Look for the padlock symbol in the address bar and a URL that starts with “https” (not just “http”).

Staying Safe Online:

  • Be Skeptical: If something seems off about an offer or website, it probably is. Trust your gut and err on the side of caution.
  • Never Share Personal Information: Don’t share your bank account details, social security number, or passwords with anyone you don’t know and trust – Especially if they call claiming you have a virus on your computer!
  • Report Suspicious Activity: If you encounter a potential scam, report it to the platform you saw it on (e.g., social media website, email provider).

By following these tips and staying vigilant, you can protect yourself from online financial scams and keep your hard-earned money safe. Remember, knowledge is power – the more you know about how scammers operate, the less likely you are to fall victim to their schemes.

Hidden Gems for a WNY Summer

Sunshine, festivals, and endless adventures – Western New York explodes with life during summer! Whether you crave the buzz of Canalside or the fresh mountain air of Ellicottville, there’s something special waiting for you. Here are a few ideas to jumpstart your summer bucket list.

FOR THE FOODIE

INIZIODowntown Buffalo, NY

Calling all pasta fanatics! Inizio, a newcomer to the Buffalo dining scene, is a haven for fresh, made-from-scratch dishes. Nestled in the heart of Elmwood, this cozy spot offers a unique twist on Italian classics, blending them with American flair for an unforgettable experience. Get ready to fall in love – your taste buds will be begging for a return visit!

FOR THE SPA ENTHUSIAST

ELLICOTTVILLE SALT CAVE & SPA – Ellicottville, NY

Craving a rejuvenating escape? Ellicottville offers the perfect day trip! Breathe easy at the Ellicottville Salt Cave & Spa, where 20 tons of imported European salt create a healing atmosphere. Relax further with a massage or facial, all within this tranquil spa. Top it off by exploring the charming village nearby – delicious restaurants and breweries await!

FOR THE ART LOVER

BUFFALO AKG ART MUSEUM – Delaware Park, Buffalo, NY

Formerly known as the Albright Knox Art Gallery, Buffalo AKG is an art museum located right in Delaware Park, in downtown Buffalo. It was closed for almost two years, and has recently reopened for art lovers to rediscover.

FOR THE SWEET TOOTH

LAKE EFFECT ICE CREAM – Lockport, NY

If you are an ice cream lover, chances are you’ve heard about Lake Effect. They churn out unique, small-batch flavors you won’t find anywhere else. Made with fresh ingredients and local flair, their shops in Lockport and Buffalo are the perfect pitstop to cool down and indulge in a taste of Western New York this summer.

FOR THE BEER FANATIC

WAYLAND – Orchard Park, NY

Southtowns, rejoice! A fresh brewery has arrived, and it’s a game-changer. Owned by the same folks behind The Grange Community Kitchen and West Rose (you know, the design masters!), this stunning space boasts a beer hall, event space, bocce court, and a sprawling beer garden. Get ready for summer hangs and delicious brews – we’ll see you there!

Hiring the Perfect Home Improvement Contractor 

Investing into your home is exciting, but choosing the right contractor can feel overwhelming. Fear not! This guide equips you with the knowledge to find a reliable partner for your renovation journey.

The Foundation: Qualifications & Experience

A solid foundation starts with a trustworthy contractor. Here’s how to ensure that:

  • Verify Credentials: Don’t rely on verbal assurances. Check if their licenses and insurance are valid and cover the specific work you need. Contact the issuing bodies for confirmation.
  • Experience is Key: Look for past projects that mirror your vision. Ask about their experience with similar renovations and request references. Check online reviews to see what previous clients have to say about their quality, communication, and work ethic.

Clear Communication & Cost Management

Open communication and transparent costs are essential for a smooth project:

  • Detailed Estimates: Obtain detailed estimates from several qualified contractors. These estimates should clearly outline the project scope, materials, labor costs, and a realistic timeline. Beware of significantly lower estimates as they might indicate inferior materials or shortcuts.
  • Understanding Warranties: Don’t be left in the dark about future repairs. Before signing any agreement, understand the expected lifespan of the work and the warranties offered on both materials and workmanship. What will be covered if an issue arises later?

Securing the Deal: A Strong Contract

A well-defined contract safeguards both you and the contractor:

  • Ironclad Contract: A detailed contract outlining the scope of work, timeline, payment schedule, and change order procedures is crucial. This ensures everyone is on the same page and minimizes misunderstandings. Consider having a lawyer review it for added peace of mind.
  • Realistic Timeline: Agree on a realistic timeline for the project and hold the contractor accountable. Discuss potential delays due to weather or unforeseen circumstances and how they will be communicated. Transparency is key.

By following these tips, you’ll likely find a reliable, trustworthy contractor to help with your home improvement needs. And remember – trust your gut. If something about a contractor raises red flags, walk away, and continue your search.

But before you begin your quest to find the right contractor, you’re going to need to assess your finances, and whether or not a home line of credit (HELOC), or a home equity loan is in your best interest. Did you know we offer a HELOC with no monthly fees?

Master Your Money with Podcasts!

At Sweet Home Federal Credit Union, we’re passionate about empowering you to reach your financial goals.  Whether you’re budgeting for a dream vacation, saving for retirement, or tackling student loans, knowledge is key. Podcasts are a fantastic way to learn about personal finance on the go, during your commute, workout, or while relaxing at home.

Here are some of our favorite financial podcasts, categorized to fit your specific needs:

Financial Fitness Boot Camp:

  • The Ramsey Show: No-nonsense host Dave Ramsey offers tough love and practical advice to help you get out of debt and build wealth.
  • BiggerPockets Money: Dive deep into personal finance, real estate investing, and achieving financial freedom with experts Scott Trench and Mindy Jensen.
  • Clark Howard Podcast: Consumer champion Clark Howard shares tips on saving money, navigating credit scores, and avoiding scams.

Investing 101:

  • We Study Billionaires: Learn the strategies and mindsets of successful investors by unpacking the decisions of the world’s wealthiest.
  • The Motley Fool Money: Stay informed on the latest market news and stock picks with the Motley Fool crew.
  • Invest Like the Best: Interviews with top investors offer valuable insights for building a strong portfolio.

Making Money Fun (and Informative):

  • So Money with Farnoosh Torabi: Engaging host Farnoosh Torabi tackles personal finance with a relatable and lighthearted approach.
  • Planet Money: National Public Radio’s award-winning podcast uses quirky storytelling to explain complex economic concepts with humor.
  • Afford Anything: Learn how to achieve financial freedom and travel the world with host Paula Pant.

Remember, this is just a starting point! There are countless fantastic financial podcasts out there.  Explore different shows, find hosts whose styles resonate with you, and enjoy the journey to financial wellness.

Peace of Mind, Guaranteed: Your Security is Our Priority at SHFCU

At Sweet Home Federal Credit Union, we understand the importance of safeguarding your financial information. That’s why we want to assure you that we will never send text messages requesting personal details, account numbers, or passwords.

In today’s digital world, phishing scams can appear surprisingly convincing. Rest assured, we prioritize clear communication and will always contact you through secure channels for any important information.

Here’s how we keep your information safe:

  • No Text Requests: We will never ask for sensitive information via text message.
  • Verified Communication: We prioritize secure channels for important updates or requests.
  • Your Control: You have the power to manage your account information directly through online banking or by contacting us at [phone number].

If you ever receive a text claiming to be from us and requesting personal details, know it’s a scam. Do not respond or click on any links.

For any questions or concerns, call us at (716) 691-9187. We’re here to help you navigate your finances with confidence. Together, let’s build a secure financial future for you and your loved ones.

Teach Your Children Well: Sweet Home FCU’s Mini Savers Program

Kindness, honesty, and gratitude – these are some of the values that parents teach their children from a very early age. But what about being financially responsible? Teaching your little ones about the value of money, and saving it, is so valuable, and it sets them up for success later in life. 

That’s where Sweet Home Federal Credit Union’s Mini Savers program comes in. It’s a fantastic way to get your child(ren) started on their savings journey.

What is the Mini Savers Program?

The Mini Savers program is a special savings account designed specifically for children in elementary school within the Sweet Home Central School District that helps teach the importance of saving, while making it fun! Enrolling your child in the Mini Savers program can yield some great benefits:

  • It teaches saving habits: By making regular deposits, your child learns the importance of saving for future goals.
  • Patience is built: your child(ren) watching their balance grow can motivate them to keep saving.
  • It builds a sense of accomplishment: By encouraging your child to set a savings goal, whether it’s a new toy, or a trip to the zoo, your child(ren) are elated when they reach that goal.

How can I get started?

The Mini Savers Program is offered at all of the elementary schools in the Sweet Home Central School District. To take part, parents must first complete a credit union membership application for the student (including a copy of the adult’s driver’s license) and make an initial deposit of at least $5. Participating students will receive a money pouch. Then, they’ll be able to make deposits to their accounts right at school!

Have questions? Contact us or call the credit union at 691-9187 today!

Set Sail or Hit the Road with Sweet Home Federal Credit Union’s RV & Boat Loans

Dreaming of exploring the open water or the great outdoors? Sweet Home Federal Credit Union can help turn your dream into reality with our competitive RV and boat loan options. 

Here’s why financing your recreational adventure through SHFCU will get your engines revving:

  • Competitive Rates & Terms: SHFCU is a member-owned institution, meaning we strive to offer lower rates and more favorable terms than traditional lenders. This translates to potentially significant savings over the life of your loan.
  • Local Expertise: Unlike big banks, SHFCU understands the unique needs of our community. Our loan officers can guide you through the financing process and answer any questions you may have about RV or boat ownership.
  • Streamlined Process: We value your time. SHFCU offers a user-friendly application process, allowing you to get pre-approved quickly and focus on the exciting part – choosing your perfect RV or boat.
  • Membership Advantage: Becoming a SHFCU member is easy and unlocks a world of financial benefits. Enjoy additional services like savings accounts, checking, and more, all under one roof.

Hit the open road or cruise into unforgettable memories with financing tailored to your adventure. Click here to see our rates, or contact us to learn more, and apply for your RV or boat loan!

P2P Pros & Cons

In today’s fast-paced digital world, peer-to-peer (P2P) money sharing apps have become increasingly popular. These apps allow users to send and receive money quickly and easily, without the need for cash or checks. While P2P apps offer many advantages, there are also some potential risks to consider. 

Pros of P2P Money Sharing Apps

  • Convenience: P2P apps are incredibly convenient for sending and receiving money. All you need is a smartphone and an internet connection.
  • Speed: Transactions these apps are typically processed very quickly, often within minutes or even seconds.
  • Low fees: Many apps offer free or very low fees for transactions.
  • Widely used: P2P apps are widely used, so you are likely to find that your friends and family are already using one.
  • Features: P2P apps often offer additional features, such as the ability to split bills or send money internationally.

Cons of P2P Money Sharing Apps

  • Security: There have been some concerns about the security of P2P apps. It is important to choose a reputable app and to use strong passwords and two-factor authentication.
  • Limited consumer protections: P2P apps may not offer the same level of consumer protections as traditional financial institutions.
  • Potential for scams: There is a potential for scams on P2P apps. It is important to be wary of unfamiliar users and to never send money to someone you do not know and trust.
  • Lack of FDIC insurance: Funds held in P2P apps are not typically FDIC insured, meaning they are not protected in the event of a bank failure.
  • Fees for certain features or transactions: Some P2P apps may charge fees for certain features or transactions, such as instant transfers or international payments.

Overall, P2P money sharing apps offer a convenient and fast way to send and receive money, but don’t offer the security and insurance of more traditional means of sending and receiving money. You also lose out on interest if you keep a balance of funds on the account instead of with a financial institution. 

Scam Slayer: Become The Ultimate Scammer Warrior

Imagine this: you’re cruising online, eyes peeled for the perfect deal on that must-have mobile device. Suddenly, BAM! An email with your name on it, promising an unbelievable price. Your heart races, fingers twitching towards “buy now.” 

But wait! Before you fall for the oldest trick in the scammer’s book, let’s chat.

These sly scoundrels, they’re not just after your money. They want to snatch your identity, drain your bank account, and leave you feeling hung out to dry. They’ll prey on your peace of mind, your sense of security, the very trust you have in the world. 

But here’s the good news: you, my friend, are a Scam Slayer in training. You’re not some unsuspecting victim; you’re a warrior, armed with knowledge and caution, ready to conquer this digital battlefield.

Sure, it can be scary. The emails, the calls, the messages – they’re designed to make you panic, to rush into a decision. But remember, a true hero doesn’t act impulsively. They take a breath, analyze the situation, and consult their trusty allies (that’s us!).

So, let’s build your Scam Slayer toolkit:

  • Knowledge is their Kryptonite: Research like a pro, sniff out red flags like a bloodhound, and approach those “too good to be true” offers with suspicion. They’re not friends, they’re foes in disguise.
  • Slow and steady wins the race: Don’t let urgency cloud your judgment. Scammers love a good panic attack. When they pressure you, that’s your cue to hit the brakes and do some digging.
  • Check with others: Talk to friends, family, even the authorities. Gather as much intel on this supposed deal that’s too good to pass up. You’ll likely find that it’s in your best interest to pass on it.
  • Stay in the shadows: Never let strangers into your ‘phone booth’. Reputable companies will never ask for personal details like your social security number, bank account, or for money in exchange for fixing “issues” on your computer. Protect yourself and your loved ones by keeping personal information personal.

With every scam you dodge, you’re making the online world a safer place, one click at a time. 

Now, go forth and slay those sneaky scoundrels! The world needs your super shield, Scam Slayer.

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